Elroy Air, Columbus Circle Capital submit draft S-4 for planned business combination
Reuters2026/08/10 22:37- Elroy Air agreed to combine with Columbus Circle Capital Corp II, moving toward a Nasdaq listing under ticker ELRY.
- A draft Form S-4 registration statement was submitted confidentially to the SEC, marking the latest step toward closing.
- Closing is targeted for Q4 2026, subject to regulatory and shareholder approvals.
- The deal values Elroy Air at USD 800 million pre-money, implying about USD 1 billion enterprise value at closing.
- More than USD 165 million of committed PIPE financing is expected to fund Chaparral production with Kratos; USD 65 million was funded at signing.
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